Earlier, Diario Sur (hat tip Hoops Hype.com) reports that Splitter has opted for Unicaja over spirited bidding that also included Real Madrid, Caja Laboral, Maccabi Tel Aviv and Olimpia Milano among his suitors.

Splitter played for Caja Laboral before coming to the Spurs for his rookie season last year.

With Valencia, he will be coached by Paco Olmos. He will be joined by French point Nando de Colo, who was drafted by the Spurs in the second round of the 2009 NBA Draft.

Splitter will become the fifth Spur to play overseas during the lockout. He will join Tony Parker (ASVEL Villeurbonne, France), Danny Green (Olimpija Ljubljana, Slovenia), Chris Quinn (Khimki Moscow, Russia) and DeJuan Blair (Krasnye Krylya Samara, Russia). All have opt-out clauses in their contract to return to the NBA when the lockout is settled with the exception of Quinn.

Blair already has returned after spending less than a month in Russia.